Cummins, Daimler Truck, PACCAR pick Mississippi for battery cell production

Cummins

18/01/2024 23:03

Jan 18 (Reuters) - Accelera, a zero-emissions business
unit of Cummins  CMI.N , Daimler Trucks & Buses US Holding, and
PACCAR  PCAR.O , on Thursday picked Marshall County, Mississippi
as the site for advanced battery cell manufacturing in the
United States.
    Last year, the three companies had come together for battery
cell production in the United States for commercial electric
vehicles, with each owning about 30% in the joint venture.
    The 21-gigawatt hour factory is expected to start producing
battery cells in 2027.
    It is expected to create more than 2,000 manufacturing jobs
with an option for further expansion as demand grows.
    More companies are rushing to set up manufacturing
facilities in the United States to take advantage of the federal
subsidies offered amid strong demand for lithium iron phosphate
(LFP) battery technology from companies such as Tesla  TSLA.O ,
Toyota Motor  7203.T , Ford Motor  F.N  and Hyundai Motor
 005380.KS .

 (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Maju
Samuel)
 ((ArasuKannagi.Basil@thomsonreuters.com;))